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Clunkers records $2.88 billion in rebates

Dealers submitted a total of 690,114 cash-for-clunkers deals for $2.88 billion in rebates by last night's 8 p.m. deadline, coming in under the $3 billion budget for the popular program, the U.S. Transportation Department said today.

Autonomous cars on British roads by January 2015 – Vince Cable

By Tim Pollard Motor Industry 30 July 2014 09:18 The British government today announced new laws to allow autonomous cars on UK roads by 2015, prompting a review of the Highway Code and new legal measures to make sure driverless cars comply with current motoring law. Business secretary Vince Cable attended an event at the motor industry test facility at MIRA in the Midlands to unveil the measures, which include a £10 million regional fund for cities to apply to become a driverless car test area. Up to three cities will be selected to share the funding for trials that are expected to last between 18-36 months.

Innovative ways to finance a Supercar

Ferrari 458 Spider – buy now, pay later. Those of us who can’t actually afford a Ferrari or Lamborghini, or any of the £200k (and more) supercars that stir our souls, tend to think buyers of such cars just flash the Amex Black and it’s job done. But that’s a long way from the truth.